On Thursday, the U.S. Senate voted unanimously on legislative approval to halt Huawei and ZTE’s plans from obtaining additional equipment licenses from watchdogs. Chinese tech firms Huawei Technologies Co Ltd and ZTE Corp took their latest punch from regulatory authorities in a supplementary attempt to impose harsher legislation on Chinese operations in the U.S., under […]
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In a move to fortify national security, the U.S. Federal Communications Commissions (FCC) finalized Monday its latest draft of a $1.9 billion program to endorse domestic and modest telecom carriers at the expense of extracting Huawei and ZTE’s Chinese influence in the American market. As the East and the West indulge in their personal vendettas, […]
The slow process of releasing Ethiopia’s telecom market has finally reached an end with the licensing of East Africa’s Safaricom-led Global Partnership for Ethiopia’s consortium, granting the company a seat at the table to empower the government’s telecom services. Ethiopia is one of the last two countries in Africa to augment its national telco services […]
Chinese telecom giant Huawei experienced fatal losses in Q2 2021 revenues, while South Korea-based telecom provider, KT Corporation, acquired on Tuesday a remarkable increase in profits during the same period. The two-year old U.S. sanctions imposed on the Chinese firm pounded both its network infrastructure and smartphone sales. The consumer electronics business was the company’s […]
Swedish telecoms vendor Ericsson has been awarded a 3 percent in China Telecom and China Unicom’s joint 5G ran operations, beating out Finnish rival Nokia’s contribution, Reuters reported citing inside sources. Nokia had initially been tapped as the favorite to leverage Ericsson’s market share in mainland China due to complications between the Swedish vendor and Chinese telecom companies; but […]
The FCC voted unanimously on Tuesday on a $1.9 billion program to pull and substitute telecommunications equipment from Chinese telecom companies Huawei and ZTE for national security purposes. Chinese telecom titan Huawei announced later on Wednesday its acute disappointment over the FCC’s decision to remove and alternate its telecommunications equipment in the U.S. Huawei continued […]
Mexico’s central bank on Monday swatted down the cryptocurrency enthusiasm expressed over the weekend by one of the country’s leading bankers. Ricardo Salinas Pliego, a magnate with large operations in retail, banking and television who has been seen as President Andrés Manuel López Obrador’s closest business ally, wrote in his social media accounts Sunday that […]
Three major Chinese telcos said late last week that they will be delisted from the New York Stock Exchange (NYSE) after the latter denied their requests for appeal, Reuters reported. The delisting comes in line with the U.S.’ Communist Chinese military companies (CCMC) under the National Defense Authorization Act of 1999, enacted by the former […]
A U.S. federal judge rolled back on a Department of Defense ban on investments in Chinese budget smartphone maker Xiaomi, citing insufficient evidence that the company posed a national security threat. On Friday, U.S. District Judge Rudolph Contreras said that the court had found the Department of Defense (DoD) had “not made the case that […]
India’s Department of Telecommunications (DoT) ordered local telcos on Thursday to use “trusted products” and telecom kits for their networks as of June 15, 2021, subtly hinting at dropping Huawei gear. The DoT told operators in a communication that it has amended the Unified Access Services License Agreement by adding a layer of security telcos […]